Vincent Tizzio

A new report from Aon revealed global insured losses due to national disasters hit $102 Billion at the end of September and are on track to pass last year’s total of $125 Billion. Category 3 Hurricane Milton hit Florida in early October, so its losses were not included in the $102 Billion. Hurricane Helene was the costliest insured loss event during the first nine months of this year. Full article linked in the comments below.    #insurance #weather #loss  

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With a very active #hurricane season on the horizon, focus on loss prevention and mitigation is key. https://ow.ly/PKpF30sCy7K #hurricaneseason #lossprevention #riskmitigation

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**Nice to hear the Insurance Journal say it:** Social Media Investigations Are a Winning Strategy for Insurers https://hubs.li/Q02PjHvl0 #socialmediainvestigations #subrosa #claimsdefense #riskmanagers #workerscomp #wcdefense #insurancedefense #liabilitydefense #Fraudsniffr

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After #floodwaters recede and the damage becomes clearer, companies whose sites were hit need to put their Emergency Response Plan into action — quickly, but safely. Zurich North America's Risk Engineering experts outline tips on how to respond. https://lnkd.in/gSZ6M75D  #EmergencyResponse #HurricaneHelene #SevereWeather #ExtremeWeather

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Cyber incidents can happen to any company, regardless of size or industry. In fact, 52% of Chubb’s reported Cyber claims in 2023 were for companies under $150m in revenue. Discover how Chubb’s holistic approach to risk management can help mitigate risks and protect your business.

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Underwriters are bracing for a surge in cyber risk. Woodruff Sawyer's 2024 Looking Ahead Guide reveals insights on the growing threat landscape. Stay ahead of the curve.

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Discover how marinas manage unique risks through strategic insurance coverage. From liability for property in their care to risks of injury and property damage, marinas must ensure comprehensive protection. Learn more: https://ow.ly/Fmfh50T1Saj

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Risk-A-Thon Chicago is in the books! What an incredible day spent learning and growing with the most amazing people. If you haven’t made it to one of these events yet, YOU need to go. #insurance #risk #cpcu #cpcurocks

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Effective risk control is critical for reducing the significant costs associated with the multitude of exposures organizations face. When properly implemented, risk control measures not only protect employees and customers, but also lead to a direct reduction in overall risk, claim frequency and insurance premiums. USI has found that a targeted risk management process focused on reducing or eliminating claims and cost drivers can result in premium reductions of up to 30%. While the insurance industry has made some improvements to loss trending in an effort to guide targeted risk mitigation, many insureds have difficulty accessing comprehensive loss data. The industry continues to adapt slowly to evolving loss trends by offering traditional, antiquated solutions in a disjointed manner.  At USI, we help clients optimize risk control by assisting with the development of an end-to-end risk mitigation plan. This starts with an analysis of industry exposures and ends with the selection and quantification of solutions and providers that offer the highest ROI. Please contact me or your local USI consultant directly to learn more, and take a moment to read our recent article: https://lnkd.in/e5GVbJPX  

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Chubb Accident & Health policies are designed to help cover the missing pieces in organizations’ current Workers’ Compensation, General Liability, Medical, and Life policies. That way, they can be better prepared to manage risks and stakeholders’ needs when unexpected accidents or illnesses occur.

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Information from Risk & Insurance and Liberty Mutual is now showing the leading causes of injuries have reverted to pre-COVID conditions such as slips, trips, falls, and overexertion. Now is a great time to refocus efforts to address your loss sources and setting risk and safety goals for 2025. The key here is that your best predictor of future risks and claims is past behavior or performance in a similar situation. Therefore, looking at your previous claims history for workers comp, general liability and auto claims can assist you in outlining your risk reduction strategies and goals. #riskmanagement #preventingclaims

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Good meeting in San Deigo Headed to Florida to help where possible. Insured by Xinsurance or Prime Insurance Company, we can work with you during your down time after and event or claim. Pause your insurance payments and extend your coverage for the number of days you are working to get back up and running. TRU insurance VS Fake insurance we are partners here with Solutions during your toughest challenges. Insurance should make event less painful! Xinsurance

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If you've been affected by the recent storms, here are some safety tips to consider once a hurricane passes. 

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Forwarding a post from the 831(b) Institute. Whether our clients choose 831(a) or (b) for their captive taxation election, they can realize the substantial benefits of owning their own insurance company from both a risk and financial perspective. Happy to explain how they work if you or your clients/prospects are interested in learning more. We help create and manage captive insurance companies. It's all we do every day. Mid-market Captive Manager of the Year 3 of the last 4 years. Stay safe out there! #CPA #CFO #riskmanagement #insurance #business #finance #financialmanagement #advisor #financialadvisor #interimCFO #insuranceagent #broker #businessowner #consulting #consultant

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Berkley Accident and Health (a Berkley Company) and Health has announced the strategic expansion of its captive leadership team as it welcomes the return of Mike Madden as senior vice president of captive growth strategy. Read more on the appointment here: https://ow.ly/BobZ50SmoGf #captives #captiveinsurance

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🌪️ **Hurricane Preparedness: The Importance of Pre-Claim Strategy** 🌪️ As Hurricane Helene approaches, preparation isn't just about boarding up windows—it's about having a comprehensive strategy in place before the storm hits. My colleague, Jamie Glanz, shares a step-by-step guide to ensure you're ready for any potential claims *before* disaster strikes. 3 Key areas: ✅ Restoration partner that is approved by your insurance company ✅ Understand your Business Interruption limits ✅ Where are your Dependent properties and vendors located – will they be affected? Direct message me if you would like a “Preparedness Checklist” #HurricanePreparedness #InsuranceStrategy #RiskManagement #CommercialInsurance

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Chubb recognizes that the risks of private companies, not-for-profits, and healthcare organizations are not the same. The ForeFront Portfolio's D&O and Entity Liability coverage is customizable to address the risks unique to each. Learn more from this short, animated video!

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Unlock the potential of the wave pool industry while staying protected. Explore our blog to discover strategies for managing wave pool liability and insurance.

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A month or so ago I posted a WSJ article that spoke about the overactive hurricane season we are expecting. Recently the Risk Management Society (RIMS) published a good article on the topic including guidance on storm preparedness. https://lnkd.in/emYaekdc #thealsgroup #riskmanagement

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